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Tax increases for teacher raises start today

Posted at 10:26 PM, Jul 01, 2018
and last updated 2018-07-02 14:20:24-04
TULSA -- The tax increases that will fund teacher raises begin today. Consumers will have to shell out more on cigarettes and gas.
 
That extra revenue is expected to bring more than $400 million for the teacher pay raises educators fought for in April. 
 
Cigarette prices are expected to jump $1 per pack. The measure also applies to little cigars at the same rate. 
 
When you’re filling up at the pump, you’ll see an additional 3 cents per gallon on gasoline, and 6 cents per gallon on diesel fuel. 
 
The measure raises the gross production tax on new horizontal oil and gas wells from two percent to five. 
 

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